BTCO’s trading issues in urgent alert bitcoin may be broken by 25 % if one of the “most important” support levels is broken.
Crypto strategy is closely warned that Bitcoin (BTC) can collapse with two percentage points if you lose one key level.
Analyst Ali Martinez Recount His 122,900 followers on the X social media platform that can decrease Bitcoin to $ 74,400, the last level of time in November, if BTC could not get 92,180 dollars as support.
Martinez uses pricing ranges from the market value of Bitcoin to the achieved value (MVRV) to determine the main support levels.
MVRV is the percentage of the market value of the encoding assets in relation to the achieved value or the value of all coins at the purchased price. When the value of MVRV decreases below zero, it indicates that the original has a front stadium as the traders who bought it in a specific time frame witnesses losses.
“92,180 dollars is now one of the most important support levels for Bitcoin, based on MVRV pricing. If this level collapses, $ 74,400 becomes the next goal.”
It is also He says The Bitcoin MVRV scale indicates that the main encryption assets have remained in the direction of landing since January 1.
“The MVRV momentum indicates that Bitcoin has been in a negative area since the beginning of the year, indicating a possible weakness in the market!”
Bitcoin is trading for $ 96,234 at the time of writing, a decrease of 1.6 % in the past 24 hours.
Next, analyst Warn Mymecoin Dogwifhat (WIF) may pose a downtown science pattern and are at risk of declining at more than 35 % of its current value.
“If this is the landfill, WIF targets $ 0.51!”
WIF is trading for $ 0.79 at the time of writing, below marginally over the past 24 hours.
It is also He says Optimism may be the scaling solutions (OP) a pattern of the head and shoulder, which usually indicates that the original loses momentum and can reflect its ascending direction if the price is less than the structure support.
“Op seems to form a pattern of the head and shoulder, indicating a possible price of the price in the future!”
OP is trading for $ 1.09 at the time of writing, a decrease of 2.6 % in the past 24 hours.
Finally, it is He says This rival optimistic polygon (POL) may correct more.
Martinez uses the money scale around the price (IOMAP) – which is classified as either the benefit, breaking or loss of money – to determine the levels of support and resistance to POL.
“The data on the series reveals that most of the polygon symbols were collected between $ 0.364 and $ 0.509. Restore this region as a very important matter! Failure to do so can lead to other sale operations where investors look forward to reducing losses.”
Pol is trading for $ 0.3115 at the time of writing, marginally a day.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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